STATE BANK OF INDIA — Q1FY27 earnings call summary

Filed 13 August 2026 · Official transcript

Domestic Net Interest Margin stable at 3%, full year guidance maintained
Credit growth guidance revised to 14-15% anchored on nominal GDP expectations
Pension provisions declining; significant reduction expected post 2035
Expected Credit Loss (ECL) framework impact to be disclosed in Q2; no major capital hit expected
Q1FY27 net profit reached ₹21,121 crore with 9.77% y-y operating profit growth
Total business crossed ₹110 trillion; deposits ₹60 trillion+, advances ₹50 trillion+
Broad-based growth across retail, agriculture, MSME, and corporate segments
Asset quality improved; gross and net NPA ratios at lowest in over two decades